Rush Enterprises (NASDAQ:RUSHA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Rush Enterprises (NASDAQ:RUSHA) from a hold rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

A number of other analysts have also issued reports on RUSHA. Stephens reduced their price target on shares of Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, October 29th. Zacks Research cut shares of Rush Enterprises from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 2nd. UBS Group reaffirmed a “neutral” rating and set a $56.67 price objective (up from $52.00) on shares of Rush Enterprises in a research report on Tuesday, August 25th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Rush Enterprises in a research note on Wednesday, October 21st. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $50.26.

Rush Enterprises Stock Up 3.5%

NASDAQ:RUSHA opened at $44.47 on Friday. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 1.49 and a beta of 0.92. Rush Enterprises has a 1-year low of $30.45 and a 1-year high of $55.74. The company has a current ratio of 1.44, a quick ratio of 0.38 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average price is $47.30 and its 200 day moving average price is $36.35.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. Rush Enterprises had a return on equity of 11.91% and a net margin of 3.70%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.05 billion. On average, sell-side analysts forecast that Rush Enterprises will post 2.43 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 11th will be issued a dividend of $0.14 per share. The ex-dividend date is Tuesday, November 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. Rush Enterprises’s dividend payout ratio (DPR) is currently 24.24%.

Institutional Investors Weigh In On Rush Enterprises

Several institutional investors and hedge funds have recently modified their holdings of RUSHA. Kestra Advisory Services LLC grew its holdings in Rush Enterprises by 68.1% during the third quarter. Kestra Advisory Services LLC now owns 30,086 shares of the company’s stock valued at $1,378,000 after purchasing an additional 12,192 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Rush Enterprises by 110.0% in the third quarter. Commonwealth Equity Services LLC now owns 14,491 shares of the company’s stock worth $664,000 after buying an additional 7,591 shares during the last quarter. Corbyn Investment Management Inc. MD lifted its stake in shares of Rush Enterprises by 47.4% in the third quarter. Corbyn Investment Management Inc. MD now owns 38,690 shares of the company’s stock worth $1,772,000 after buying an additional 12,436 shares during the last quarter. Bfsg LLC lifted its stake in shares of Rush Enterprises by 35.6% in the third quarter. Bfsg LLC now owns 1,921 shares of the company’s stock worth $88,000 after buying an additional 504 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. boosted its holdings in shares of Rush Enterprises by 50.0% during the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 73,956 shares of the company’s stock worth $3,388,000 after buying an additional 24,652 shares during the period. Institutional investors and hedge funds own 84.43% of the company’s stock.

About Rush Enterprises

Rush Enterprises, Inc is a commercial vehicle solutions provider operating through the Rush Truck Centers network. The company sells new and used commercial trucks, including vehicles from manufacturers such as Peterbilt, International, Hino, Isuzu and Ford, along with related buses and specialty vehicles in selected markets.

In addition to vehicle sales, Rush provides parts, maintenance and repair services through its dealership network. Its offerings also include truck leasing and rentals, collision repair, mobile service, aftermarket products, and fleet-management and technology solutions designed to support commercial transportation operators.

Founded in 1965 and headquartered in New Braunfels, Texas, Rush has expanded from its original Peterbilt dealership into one of the largest commercial vehicle dealership networks in the United States.